North Carolina Trucking Association Foundation

Analysis

North Carolina Trucking Association Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North Carolina Trucking Association Foundation reported income of $1.3m and spending of $390k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $279k to $1.3m (+364%), an average of +364% a year. The sharpest change came in the year to December 2023, when income rose by 364%. Over the whole period it spent 32% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Carolina Trucking Association Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Bitney College Preparatory High School ($1.3m), Josephine Community Library Foundation ($1.3m) and Universal School ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $34k. At year end it held assets of $1.6m against liabilities of $403k, net assets of $1.2m.